Home US Tsy Sec Mnuchin: we are not singling out China on investment restrictions

US Tsy Sec Mnuchin: we are not singling out China on investment restrictions

Published date: 27 Jun. 2018 | 14:11

US Treasury secretary Steven Mnuchin, speaking to CNBC TV this Wednesday, said that the US is not singling out China on investment restrictions.

Key quotes:

“¢ Changes to CFIUS is an attempt to strengthen investment controls.
“¢ No significant economic impact to arise from the decision.
“¢ Certain countries will receive heightened review under changes to CFIUS.
“¢ If Congress doesn’t pass CFIUS legislation quickly, Trump can direct Treasury through an executive order to apply the same provisions.

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